News

In light of the escalating Covid-19 pandemic, I would like to express my support for all EITI implementing countries affected by the current circumstances on behalf of the EITI Board.  

We recognise that countries around the world are facing a deeply challenging and unpredictable situation caused by the spread of the virus. At the same time,

Myanmar’s new beneficial ownership register lays the groundwork for combatting company anonymity by shedding light on the real owners of companies in the extractives sector.

Last month, the Government of Myanmar and Myanmar EITI co-launched a new beneficial ownership register, revealing more information about the owners of companies operating in the country’s extractive sector.

In light of the current COVID-19 outbreak, the EITI has taken the decision to hold its first fully virtual Board meeting.

The 47th meeting of the EITI Board was due to take place in Buenos Aires, Argentina, between 15 and 17 June. It will now be held virtually. Following consultations with the event hosts, the Government of Argentina, a decision was taken to postpone a physical meeting for the week of 12 October 2020, depending on the state of the pandemic.

The EITI has written to the U.S. Securities and Exchange Commission (SEC), to comment on its proposed rule implementing Section 1504 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.The EITI’s comments focus on two aspects of the proposed rule: the importance of alignment with international transparency efforts, and the definition of project-level reporting.Mark Robinson, the EITI’s Executive Director,

The World Bank’s Extractives Global Programmatic Support (EGPS) Multi-Donor Trust Fund has been extended, with donors pledging approximately USD $40 million for continued support. A key funding mechanism for EITI implementation in developing countries, the programme is designed to improve the capacity of resource-rich developing countries to use their oil, gas and mineral resources in a transparent, sustainable and gender-inclusive manner.

Niger returns to the EITI as 53rd implementing country, renewing its commitment to extractives transparency

Following the country’s withdrawal from the EITI process in October 2017, the Government of Niger has re-committed to implement the EITI. Its candidature was approved by the EITI Board today, making it the 53rd country implementing the EITI Standard, and the 26th in Africa.

In the wake of the alleged corruption scandal that surfaced in Angola this week, the EITI reiterates its call for Angola to join the EITI and implement its Standard.

Known as the Luanda Leaks, this high-profile case emerged when the International Consortium of Investigative Journalists (ICIJ) exposed records allegedly linked to businesswoman Isabel dos Santos, daughter of the former President of Angola. Some of these revelations concern the country’s state-owned oil company Sonangol,

EITI Board agrees that Indonesia has made “meaningful progress” in EITI implementation. Aligning the EITI process with broader national objectives will remain vital in the governance of a complex extractive sector.

Indonesia has achieved meaningful progress in implementing the EITI Standard, as agreed by the EITI Board following Validation. While the country’s extractive sector is characterised by complex and decentralised governance systems,

EITI’s Africa Director, Bady Baldé, has been appointed as its Deputy Executive Director. Going forward, Bady will combine the roles of Africa and Deputy Executive Director. 

“I am delighted that Bady will take up the role of Deputy Executive Director at the EITI International Secretariat," commented Mark Robinson, EITI’s Executive Director. "Bady is an accomplished speaker and strategist, whose skills and substantial country experience will take the EITI forward,

State-owned petroleum company Qatar Petroleum will join the EITI as a supporting company, announced EITI’s Corporate Engagement Manager Andrew Irvine today, in a discussion on the EITI’s outreach plans at the organisation’s Addis Ababa Board meeting. 

“It is encouraging to see a large and influential state-owned company like Qatar Petroleum join the EITI’s group of supporting companies,” said Mark Robinson, EITI Executive Director.

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